Adem Yildiz, Realtor

04/13/2022

Kanada Merkez Bankası gösterge faiz oranını %1'e yükseltti.

Kanada Merkez bankasının faiz oranlarında 2000 yılından bu yana yaptığı tek seferlik en büyük artış oldu.

Kanada Merkez Bankası, yüksek enflasyonu dizginlemek için yaptığı son hamlede bugün itibariyle gösterge faiz oranını yarım puan artırarak yüzde bire yükseltti.

Banka, faiz oranını yükselttiği aylar içinde ikinci kez gerçekleşti ve bu nedenle bugünkü hareket, hem bankanın 2017'den bu yana ilk arka arkaya faiz artırımı hem de 2000 yılından bu yana yaptığı en büyük tek artış oldu.

Faiz artırımı ,ile yetinmeyen Kanada Merkez Bankası, aynı zamanda para akışını ve borçlanma maliyetlerini düşük tutmanın bir yolu olarak tahvil satın almak için bir program başlattı.

Bankanın aldığı bu karar sonucu, bu getirileri daha da artıracak ve sabit faizli mortgage oranları (fixed rate mortgage) daha yüksek hale getirecek.

Bu arada, değişken faizli mortgage oranları (variable mortgage) merkez bankasının oranına sabitlendiğinden, onlar da günün sonundan yükselecektir.

https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/

04/13/2022

Bank of Canada hikes benchmark interest rate to 1%
Biggest one-time increase in central bank's rate since 2000
The Bank of Canada hiked its benchmark interest rate by half a percentage point to one per cent on Wednesday in its latest move to rein in high inflation.
The bank's rate impacts Canadian businesses and consumers by influencing the rates they pay and receive on things like mortgages, GICs and savings accounts.
The bank slashed its rate to barely above zero in March of 2020 when the pandemic began.
While the move helped the economy to weather the unprecedented uncertainty of COVID-19, in recent months, inflation has come roaring back to its highest level in decades, prompting the central bank to start unwinding all that cheap credit.

The Bank of Canada hiked its benchmark interest rate by half a percentage point to one per cent on Wednesday, a sign the bank is making good on its pledge to battle runaway inflation.

04/01/2022

Inflation, housing costs more important to Ontario voters than COVID: poll

Inflation and the skyrocketing cost-of-living appear to be the main concerns for voters as the pandemic ranks a distant third.

Thirty-nine per cent of decided voters say they’ll cast a ballot for the PCs later this spring, followed by 25 per cent for the Ontario Liberals, 24 per cent for the New Democrats, five per cent each for the Green Party and New Blue Party, with three per cent declaring allegiance to other parties.

That’s a two per cent jump for the Tories from January, but a one point drop for both the Liberals and NDP compared to similar polling earlier this year.

Results of a Leger/Postmedia poll show the Ontario PCs with a 14-point lead over the Liberals

04/01/2022

Recent data suggests investors now make up the largest segment of buyers of Ontario residential real estate, and it’s pushing the dream of home ownership out of reach for many looking to buy a home simply to live in.

What the Doug Ford government's housing plan means for Ontario home prices

"Ontario is making it easier to buy a home," declares the headline on the news release from Premier Doug Ford's government about its new housing plan, unveiled this week.

Anyone who reads through the plan would be justified in wondering how its tweaks to city planning timelines and proposed changes to the building code will actually make it any easier to buy in a real estate market that is basically bonkers.
The unaffordability of housing in Ontario right now is one of the most pressing issues facing the province.

The average home price has skyrocketed 44 per cent in two years. Costs are now so high that it threatens to freeze the bulk of an entire generation out of home ownership.

There's broad agreement across the political spectrum that an essential ingredient in trying to dampen prices is to boost the supply of housing, and boost it in a dramatic way.

The Ford government's hand-picked advisors recently drew up a blueprint on how to do just that.

The Housing Affordability Task Force recommended doubling the pace of new home construction, setting a target of 1.5 million homes built in Ontario over the coming decade and increasing density in neighbourhoods of single-family homes.

None of that is in the "More Homes For Everyone" plan the Ford government released Wednesday.

The headline on the news release from Premier Doug Ford's government about its new housing plan declares that Ontario is "making it easier to buy a home."

03/31/2022

Ontario Cracking Down on Foreign Real-Estate Speculation with the Most Comprehensive Non-Resident Speculation Tax in Canada

Ontario government is increasing the Non-Resident Speculation Tax rate to 20 per cent, closing loopholes to fight tax avoidance and expanding the tax to apply provincewide effective March 30, 2022.

Ontario Cracking Down on Foreign Real-Estate Speculation with the Most Comprehensive Non-Resident Speculation Tax in Canada | Ontario Newsroom

03/24/2022

GTA's housing crisis threatens Ontario's profitable construction sector, industry report warns.

The housing crisis in the Greater Toronto Area is at risk of threatening one of the provinces’ most profitable sectors: construction, according to a new report by an industry group calling on local governments to make it easier to plan and approve new housing projects.

'If we don't fix the housing issue there'll be consequences for our entire economy and society,' said BILD President and CEO David Wilkes

03/20/2022

Toronto home prices hit record, average selling price of detached house pushes $2M mark.

For the first time, the average selling price of a detached house in the City of Toronto has pushed past the $2 million mark, even as barely perceptible signs of a cooling wafted across the region’s sweltering housing market in February.

Cost of a detached house in Toronto sails past $2 million average.

03/19/2022

The average detached house in Toronto will now cost you over $2 million.

People are scooping up homes at near-record rates in the Greater Toronto Area, last month coming in hot and recording the second-strongest sales figures of any February in history, surpassed only by the record-shattering Feb. 2021.

The Toronto Regional Real Estate Board (TRREB) recorded an impressive 9,097 sales in the region last month, not bad for second place.

It's a substantial number of homes sold, and yet, it still marked a 16.8 per cent drop from last year's all-time-high when buyers sprung back to life between waves of the pandemic.

People are scooping up homes at near-record rates in the Greater Toronto Area, last month coming in hot and recording the second-strongest sales fi...

03/19/2022

Some Canadians struggle to enter housing market as costs rise: ‘Nothing we can do’

Had enough of the bidding wars and high home prices?

Some buyers say they're hitting pause on their search or changing where they're looking.

Prospective homebuyers being shut out of Canada's hot housing market are giving up, pausing or shifting their searches as affordability continues to erode.